Post by account_disabled on Jan 5, 2024 23:31:46 GMT -7
Asst. Prof. Dr. Anusorn Thamjai, Director of the Center for Economic and Business Research for Reform Institute of Economics Rangsit University revealed that from analyzing the 2020 budget figures, it was found that there is still a lack of goals or proactive strategies to deal with the global economic slowdown and the impact of the trade war. Lack of response to the challenges of technological change that require projects or budgets to restructure the economy. The budget is therefore not strategically used to manage the country in a forward-looking manner. It is not geared toward solving the major problems the country faces, especially the problem of economic inequality. Reducing monopolies increases competition. The problem of declining competitive ability as well as economic hardship and debt of people at the grassroots level and lack of opportunities to access basic services. A small amount of the budget is allocated to solve immediate problems through welfare cards for the poor. Use the method of handing out money rather than sustainable measures in the form of job creation. Create opportunities to increase income in the long term.
The annual budget for fiscal year 2020 is 3,200,000 million baht, divided into current expenses of 2,393,120.1 million baht, an increase of 120,463.8 million baht from fiscal year 2019, or an increase of 5.3% and accounting for 74.7%, while capital expenditures are 655,000 million baht, an increase from fiscal year 2019. 5,861.8 million baht or an increase of 0.9% and accounting for 20.5% of the total budget amount. Decreased from fiscal year 2019, which had a proportion of 21.6%. It can be seen that the fiscal year 2020 budget did not include any reforms to the budget structure. The investment budget is therefore low, similar to the budget structure of the past several decades. The lack of reform of the budget structure is because the past government was not serious Email Marketing List about reforming the civil service system and reducing the size of government agencies. Disbanding and disbanding agencies that have no mission or are rarely needed. The 2020 budget will not help stimulate the economy much. Because there are no projects that create a lot of employment even though we are currently facing the problem of increasing unemployment. Estimates of tax revenue may be too high. There may be a larger deficit than expected because the economy expands lower than expected, resulting in low tax collection.
The government may be able to collect about 2.725 trillion baht in revenue if the economy expands 3-4%, which I am not sure the economy will expand at that level. Data analysis using technology is used to track entrepreneurs to pay taxes in accordance with the reality and logging into a single accounting system allows the Revenue Department to collect taxes more efficiently. The allocation of the central budget is too high by more than 500 billion, resulting in a lack of details regarding projects and use of budget funds. Monitoring the use of money is more difficult. The legislative and judicial branches have had their budgets cut significantly. like a parliamentary agency which includes The total budget is set at 8,684.6 million baht, a decrease of 13.23% from the original. What is interesting is the Secretariat of the Council. The overall budget was cut by 18.47%. Asst. Prof. Dr. Anusorn, Director of the Research Center at Rangsit University, said that while the court agencies include the Administrative Court Office, the Court of Justice Office, the Constitutional Court Office The total budget is set at 20,234.9 million baht, a decrease of 10.49% from the original, while it is interesting that the Constitutional Court received an additional budget of 25.83%. The Ministry of Defense requests a budget of 233,353.4 million baht, an increase from 2019 of 6,226.8 million baht (representing 2.74 million baht). %), with the Royal Thai Army receiving the largest budget of 113,677.4 million baht. The defense budget should focus on strategies to develop national defense potential and readiness to face threats in all dimensions. Especially dealing with natural disasters. The budget for education should be increased. Research and public health There should also be additional investment projects in water management. There are 53 universities that have had their budgets cut. Mahidol University's maximum budget was cut by more than a billion baht, while 23 other institutions had their budgets cut. Not less than a hundred million The Ministry of Higher Education should negotiate not to reduce the budget too much because it will affect the quality of higher education in the country.
The annual budget for fiscal year 2020 is 3,200,000 million baht, divided into current expenses of 2,393,120.1 million baht, an increase of 120,463.8 million baht from fiscal year 2019, or an increase of 5.3% and accounting for 74.7%, while capital expenditures are 655,000 million baht, an increase from fiscal year 2019. 5,861.8 million baht or an increase of 0.9% and accounting for 20.5% of the total budget amount. Decreased from fiscal year 2019, which had a proportion of 21.6%. It can be seen that the fiscal year 2020 budget did not include any reforms to the budget structure. The investment budget is therefore low, similar to the budget structure of the past several decades. The lack of reform of the budget structure is because the past government was not serious Email Marketing List about reforming the civil service system and reducing the size of government agencies. Disbanding and disbanding agencies that have no mission or are rarely needed. The 2020 budget will not help stimulate the economy much. Because there are no projects that create a lot of employment even though we are currently facing the problem of increasing unemployment. Estimates of tax revenue may be too high. There may be a larger deficit than expected because the economy expands lower than expected, resulting in low tax collection.
The government may be able to collect about 2.725 trillion baht in revenue if the economy expands 3-4%, which I am not sure the economy will expand at that level. Data analysis using technology is used to track entrepreneurs to pay taxes in accordance with the reality and logging into a single accounting system allows the Revenue Department to collect taxes more efficiently. The allocation of the central budget is too high by more than 500 billion, resulting in a lack of details regarding projects and use of budget funds. Monitoring the use of money is more difficult. The legislative and judicial branches have had their budgets cut significantly. like a parliamentary agency which includes The total budget is set at 8,684.6 million baht, a decrease of 13.23% from the original. What is interesting is the Secretariat of the Council. The overall budget was cut by 18.47%. Asst. Prof. Dr. Anusorn, Director of the Research Center at Rangsit University, said that while the court agencies include the Administrative Court Office, the Court of Justice Office, the Constitutional Court Office The total budget is set at 20,234.9 million baht, a decrease of 10.49% from the original, while it is interesting that the Constitutional Court received an additional budget of 25.83%. The Ministry of Defense requests a budget of 233,353.4 million baht, an increase from 2019 of 6,226.8 million baht (representing 2.74 million baht). %), with the Royal Thai Army receiving the largest budget of 113,677.4 million baht. The defense budget should focus on strategies to develop national defense potential and readiness to face threats in all dimensions. Especially dealing with natural disasters. The budget for education should be increased. Research and public health There should also be additional investment projects in water management. There are 53 universities that have had their budgets cut. Mahidol University's maximum budget was cut by more than a billion baht, while 23 other institutions had their budgets cut. Not less than a hundred million The Ministry of Higher Education should negotiate not to reduce the budget too much because it will affect the quality of higher education in the country.
